Kurtis Joseph Binder Sells 16,507 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 16,507 shares of Arlo Technologies stock in a transaction on Monday, July 6th. The stock was sold at an average price of $12.83, for a total value of $211,784.81. Following the transaction, the chief financial officer directly owned 483,378 shares of the company’s stock, valued at approximately $6,201,739.74. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kurtis Joseph Binder also recently made the following trade(s):

• On Friday, May 8th, Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock. The shares were sold at an average price of $15.70, for a total value of $1,020,500.00.
• On Friday, April 17th, Kurtis Joseph Binder sold 25,000 shares of Arlo Technologies stock. The shares were sold at an average price of $15.19, for a total value of $379,750.00.

Arlo Technologies Stock Down 0.3%

NYSE:ARLO opened at $13.14 on Wednesday. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The stock has a fifty day simple moving average of $13.23 and a 200-day simple moving average of $13.47. The company has a market capitalization of $1.43 billion, a PE ratio of 48.69 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.72 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, equities analysts anticipate that Arlo Technologies, Inc. will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Raymond James Financial restated an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. Oppenheimer started coverage on Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective on the stock. William Blair initiated coverage on shares of Arlo Technologies in a research note on Tuesday. They issued an “outperform” rating for the company. Finally, UBS Group set a $20.00 target price on shares of Arlo Technologies in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP boosted its holdings in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Arlo Technologies by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock valued at $340,000 after purchasing an additional 800 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Arlo Technologies by 12.5% during the fourth quarter. Farther Finance Advisors LLC now owns 7,631 shares of the company’s stock worth $107,000 after buying an additional 849 shares during the period. Balboa Wealth Partners boosted its stake in Arlo Technologies by 9.9% in the 4th quarter. Balboa Wealth Partners now owns 13,225 shares of the company’s stock worth $185,000 after buying an additional 1,196 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in Arlo Technologies by 2.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company’s stock worth $982,000 after buying an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.